Stocks Swoon as Trade Jitters Spur Rush to Bonds: Markets Wrap

Flaring trade tensions between the US and China sent shockwaves across markets Friday, hammering stocks, oil and crypto while spurring a dash for the perceived safety of Treasuries and gold.

President Donald Trump’s threat of a “massive increase” in China tariffs shook Wall Street at the end of an already-volatile week that saw concern build about a bubble in artificial-intelligence companies. His remarks sent the S&P 500 down 2.7%. The tech-heavy Nasdaq 100 lost 3.5%. The dollar slid at the end of its best week this year. Crude plunged over 4%.

Tariff jitters roil Wall Street.

Source: Bloomberg

Trump said he saw “no ...